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Venetian Islands, Miami Bea...

Ilya Panchernikov And Dina Goldentayer Acquire Single Family Home In Venetian Islands, Miami Beach For $8.9M
SOLDSingle Family Residence

Ilya Panchernikov And Dina Goldentayer Acquire Single Family Home In Venetian Islands, Miami Beach For $8.9M

Venetian Islands, Miami Beach, FL, USA

$8,900,000

$1,669/SF

Building Size

5,330 SF

Asset Type

Single Family Residence

Closing

Sep 23, 2021

AI

A single family home located in the Venetian Islands of Miami Beach was recently sold for $8,900,000. This 5,054 square foot property was purchased by Ilya Panchernikov, the owner of Caviar Russe, and Dina Goldentayer, representing Douglas Elliman. The sellers of the property were Christina Martin and David Martin from Terra. The sale price equates to a price per square foot of $1,761.

Summary of transaction details

Leading the purchase was Ilya Panchernikov, the owner of Caviar Russe, along with Dina Goldentayer representing Douglas Elliman. They successfully acquired the property from sellers Christina Martin and David Martin, who were represented by Terra. This transaction highlights the active real estate market on the Venetian Islands and the involvement of prominent individuals and companies in the Miami Beach area.

Players

Chad Carroll

Compass

Broker

$1.7B

vol

84 deals

Broker
David Martin

David Martin

Terra

Seller

$2.2B

vol

30 deals

Seller
Terra
TerraSeller

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.78%

Cash-on-Cash

-0.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93